Intel exec speaks out on PC, netbooks and economy

SAN FRANCISCO -- What's going on in the PC market?
Sean Maloney, executive vice president and chief sales and marketing officer at Intel Corp., addressed analysts and the media at an event here. Here's a sample on what one of Intel's top executives said on the PC market and other topics:

The PC market in general:

The overall market has "bottomed out. Consumer has recovered, relatively speaking. IT spending has not recovered." (By consumer, the Intel executive was referring to netbooks and notebook PCs.)

Adoption of netbooks:
"Netbook is a second or third purchase from someone who already has a notebook. I don't think first time buyers will buy netbooks."

Moore's Law running out of gas:
Intel itself sees "no showstoppers. The process technology people are as confident as ever."

What he would advise President Obama on the U.S. stimulus package:

"Every single project needs to be audited, so money isn't wasted. Modern technologies should be used (on infrastructure projects)."